RBC Global Asset Management today announced proposed changes to the investment objective of RBC Advisor Canadian Bond Fund and an amendment to proposed changes to RBC Canadian Government Bond Index Fund.

Subject to unitholder and regulatory approval, RBC GAM Inc. is proposing to change the investment objective of RBC Advisor Canadian Bond Fund to provide the fund with the flexibility to track the performance of the FTSE TMX Canada Universe + Maple Bond Index by investing either directly in fixed-income securities or indirectly through investment in units of other mutual funds managed by RBC GAM Inc. or an affiliate. If approved, the name of the fund will change to RBC Canadian Bond Index Fund.

RBC Canadian Government Bond Index Fund

As an amendment to a news release issued April 3, 2017, the benchmark of RBC Canadian Government Bond Index Fund will not change and will remain the FTSE TMX Canada Federal Bond Index. However, RBC GAM Inc. still proposes to change the investment objective of the fund to provide the flexibility to track the performance of its benchmark index by investing either directly in fixed-income securities or indirectly through investment in units of other mutual funds managed by RBC GAM Inc. or an affiliate, said the company today. The name of the fund will remain RBC Canadian Government Bond Index Fund.